October 25, 2005

THROWING THE NEOCON ELITES A BONE:

Next Fed chief: smartest ever? (Ron Scherer, 10/26/05,The Christian Science Monitor)

When he wasn't studying economics at MIT, Ben Bernanke, nominee for chairman of the Federal Reserve Board, might have been cheering on the Red Sox at Fenway Park.

And when he wasn't studying in high school - he scored a 1590 on his SAT - he was All-State saxophonist.

As a child, he honed his analytical mind by playing chess and studying Hebrew at the local synagogue. He was just "an outgoing and well-rounded" kid growing up in the small town of Dillon, S.C., says his brother, Seth, an attorney in Charlotte, N.C.

Easygoing, extremely smart, plain-spoken - these are some of the words being used to describe Mr. Bernanke (ber-NANK-ee) as he prepares to lead an often inscrutable band of monetary policymakers. He has sterling economic credentials, but his ability to speak to Main Street as easily as Wall Street may be the trait that best prepares him for a job in which his every utterance can move global markets. [...]

Economists say Bernanke might have the best academic background of any recent Fed chairman. He graduated summa cum laude from Harvard; four years later he finished up his doctorate at MIT. He taught economics at NYU, Stanford, and Princeton.

He is the author of respected textbooks on the Great Depression and inflation. He's written more than 39 weighty articles in "economese," that strange language used by economists. And, he holds titles in enough professional associations, such as Co-editor of Economics Letters, to keep most people busy for a lifetime.

"He may have the best intellectual training and pedigree of anyone who has held that office," says Bob Brusca of Fact And Opinion-Economics, in New York.

Posted by Orrin Judd at October 25, 2005 5:26 PM
Comments

Even better, he's a Bush crony.

Posted by: David Cohen at October 25, 2005 5:41 PM

I don't know, MIT for his doctorate instead of Chicago? And he didn't teach at Chicago either.

I question his qualifications.

Posted by: Jim in Chicago at October 25, 2005 7:09 PM

As a Red Sox fan he will incur the disapproval of George Will.

Posted by: AWW at October 25, 2005 7:18 PM

Gee, I wonder how Will would have reacted if Bush had named Tony LaRussa as Fed Chairman?

Posted by: John at October 26, 2005 1:57 AM

This is a little more than "throwing a bone"
This position is more important than the
court opening.

Posted by: J.H. at October 26, 2005 9:17 AM

JH:

The ones he's throwing the bone to can't figure that out.

Posted by: oj at October 26, 2005 9:47 AM
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